Medical Bionic Implants And Exoskeletons Market is expected to expand at a CAGR of 7.5% during t2017-2027

The global medical bionic implants and exoskeletons market stood at U$ 454.5 Mn in 2016. It is expected to expand at a CAGR of 7.5% during the period 2017-2027 to reach U$ 1,001.4 Mn.
Bionic Forelimbs/Hand Bionics Account for Highest Revenue Share
As per Future Market Insights’ findings, revenues from bionic forelimb/hand bionic implants are currently high. Throughout the forecast period, this segment is expected to account for a considerable revenues share of the market owing to vast improvements that are being made in bionic forelimb/hand functionality.

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By mode, prosthetic bionic is expected to remain the most attractive segment in 2017 and beyond. This is primarily attributed to the increasing acceptance of bionic prosthetics coupled with rising amputation rates across the globe. Availability of technologically advanced bionic limbs and exoskeletons coupled with rising amputation rates among the matured population is facilitating the growth of medical bionic implants and exoskeletons market in North America. In 2016, the region accounted for more than one-third revenue share of the global market. Future Market Insights anticipates that North America will remain the most attractive market for medical bionic limbs and exoskeletons during the assessment period. Meanwhile, the markets in Western Europe and Asia Pacific excluding Japan (APEJ) is expected to record healthy growth rates over 2027.

Manufacturers are consistently trying to innovate, as bionic implants are considered a high margin cutting-edge reconstructive product. Otto Bock Inc., DJO Global Inc., Ossur Corporate, Ekso Bionics, Rex Bionics Ltd., Alter G, ReWalk Robotics are some of the leading players operating in the global medical bionic implants and exoskeletons market.

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